Australia’s PEXA shares leap on naming Seize’s Russell Cohen as new CEO

Investing.com– Australia’s PEXA Group (ASX:PXA) shares hit a one-month excessive on Tuesday after the digital property alternate platform supplier appointed Russell Cohen as its new chief government officer (CEO), efficient March finish, 2025.

The market welcomed the information, with traders displaying confidence in Cohen’s in depth management expertise and confirmed observe document of scaling expertise platforms in Asia Pacific.

PEXA shares climbed practically 10% to A$13.49, their highest stage since November 19.

Cohen, at the moment the Group Managing Director of Operations at Seize Holdings (NASDAQ:GRAB), has spearheaded progress initiatives throughout seven international locations, driving market growth for the tech big, PEXA mentioned in an announcement.

His management was pivotal in key company milestones, together with Seize’s acquisition of Uber’s Southeast Asia enterprise. With over 20 years of expertise in expertise and technique, Cohen brings a wealth of experience to PEXA because it seeks to increase its world presence within the digital property settlement area, the corporate mentioned.

Outgoing CEO Glenn King has led the corporate since 2019, efficiently guided PEXA via its 2021 ASX itemizing, and oversaw its worldwide growth, together with the institution of a foothold within the UK market.

PEXA chief monetary officer Scott Butterworth will assume the function of performing group MD and CEO for March.